@article{dakhlaoui2020board,
  title = {Board Attributes and Firm Performance: Tunisian Evidence},
  author = {Mejda Dakhlaoui and Imen FREDJ},
  year = 2020,
  url = {https://ibimapublishing.com/articles/IBIMABR/2020/557928/},
  journal = {IBIMA Business Review},
  volume = 2020,
  pages = 18,
  doi = 10.5171/2020.557928,
  abstract = {This study examines the relationship between board attributes and firm performance. In accordance with agency theory, effective board of directors plays a key role in establishing good corporate governance and enhancing firm performance by mitigating earnings management. Based on panel data set drawn from Tunisian listed firms over the period 2011 – 2017 and while using dynamic panel GMM estimator to alleviate endogeneity problems, a U-shaped relationship was found between board size, board independence and firm performance. Indeed, results show that a higher firm performance is confirmed if the board size is composed of at least 6 members and 15% of independent board members.  For a robustness check, this study measures a composite score of the effectiveness of board of directors to capture the aggregate impact of board’s effectiveness on firm performance. The findings of regression analysis find a significant positive relationship between the board effectiveness score and firm performance. Indeed, there is a synergy between mechanisms that act together to enhance firm performance in the Tunisian context. 
JEL classifications: G34; L25; M14},
  keywords = {Corporate Governance; Board Effectiveness; Firm Performance; Non-Linear Effects; Dynamic Panel GMM Estimator.},
  note = Article ID: 557928
}